EL PASO, Texas (BRAIN) — Helen of Troy — the parent of Osprey and Hydro Flask — recorded a fourth-quarter net sales decrease of 3.3% year-over-year while its Home & Outdoor category (which contains Osprey and Hydro Flask) slipped 1.4%.
Consolidated net sales for the company's quarter ending Feb. 28 was $470 million, compared with $485 million at the same time last year. The decline in Osprey and Hydro Flask's Home & Outdoor category was because of a drop in insulated beverageware demand. Home & Outdoor net sales were $216.5 million, compared with $219.8 million at the same time last year.
Among the reasons for the Home & Outdoor sales slide were the impact of higher tariffs, according to Helen of Troy, which noted all remain in effect as of this month and it's not known if the company will receive any potential refunds.
"We closed fiscal 2026 with net sales, adjusted EPS, and cash flow at the better end of our expectations, reflecting our initial steps to stabilize brand performance and improve our financial position during a dynamic year," said CEO G. Scott Uzzell. "We are focused on restoring brand momentum by investing in our product innovation, people, and digital capabilities, while emphasizing working capital efficiency and balance sheet productivity. ...."
Quarterly net income loss was $55.6 million, compared with a net income gain of $50.9 million a year ago. Diluted loss per share was $2.41, compared with diluted earnings per share of $2.22.
Helen of Troy's corporate headquarters is in El Paso, Texas, and its stock is traded on the NASDAQ under the HELE symbol. Stock quote on Nasdaq.
